First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Sees Significant Decrease in Short Interest

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 54,829 shares, a decrease of 43.8% from the December 31st total of 97,609 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 321,941 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 321,941 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Down 0.1%

Shares of NYSEARCA:FIIG traded down $0.03 during midday trading on Friday, hitting $21.10. 195,105 shares of the company’s stock were exchanged, compared to its average volume of 246,935. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $19.96 and a 12 month high of $21.49. The stock has a 50 day moving average price of $21.19 and a 200-day moving average price of $21.18.

First Trust Intermediate Duration Investment Grade Corporate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were paid a $0.0813 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Wednesday, January 21st.

Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

A number of hedge funds have recently modified their holdings of FIIG. TCP Asset Management LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter worth $18,917,000. Benjamin Edwards Inc. grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 24.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 221,117 shares of the company’s stock worth $4,695,000 after buying an additional 42,972 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 21.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 453,249 shares of the company’s stock worth $9,622,000 after buying an additional 78,639 shares in the last quarter. Manchester Financial Inc. increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.3% in the 3rd quarter. Manchester Financial Inc. now owns 583,865 shares of the company’s stock worth $12,395,000 after buying an additional 81,656 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,407,356 shares of the company’s stock valued at $29,526,000 after buying an additional 20,389 shares in the last quarter.

About First Trust Intermediate Duration Investment Grade Corporate ETF

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.